7 Eighth Division Memorial Avenue, Gunnedah NSW 2380
7 Eighth Division Memorial Avenue, Gunnedah NSW 2380
Character home on 1,012m² | Opposite town pool | Full renovation required | Large-block infill potential | Established central pocket
This is a rare opportunity to secure a substantial character home on one of the street’s larger parcels, directly opposite the Gunnedah Town Pool. The 1,012m² block immediately sets it apart from nearby infill stock, most of which sits on considerably smaller lots. For a buyer seeking a central, established location with genuine scope to reshape a home from the ground up, this property offers the kind of blank canvas that rarely appears in this pocket. It will most suit an owner-occupier with renovation experience or a long-term investor comfortable with a capital works program, given the listing clearly signals the interior is original and dated.
The property’s value may hinge on how thoroughly the renovation is executed and how the market currently prices unrenovated character homes against recently improved comparables on the same street. The land component is the strongest anchor, while the dwelling’s final worth will depend on layout decisions, material choices, and the depth of the renovation. Buyers might also weigh the convenience of the pool-side position against any associated foot traffic or event-day activity, though this is unlikely to be a meaningful drawback for most. The absence of any overlay risks in nearby data suggests a straightforward residential zoning.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Eighth Division Memorial Avenue, Gunnedah NSW 2380
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Gunnedah, a significant NSW New England regional centre, sees demand from a mature demographic: a high share of over-55s and many couples with children. Occupations skew to machinery operators, trades, and professionals. Median house prices are $535,000 with 15.05% annual growth; units near $400,000 rising 8.84%. Houses sell in 50 days, with 281 annual sales. Rental yields of 5.48% (houses) and 5.94% (units) support investment. However, the market is overvalued above trend. Rate sensitivity and mortgage stress are risks. Transaction momentum and sound yields underpin demand, but affordability constraints may temper growth.
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PropCred Estimated Value
Comparable Sales: 35 Eighth Division Memorial Avenue sold $275,000 in 2015; 29 Eighth Division Memorial Avenue guided $660,000–$685,000 | Property Price Band: $600,000–$700,000 | Value Drivers: Land size, renovation depth, street position
Bedrooms
3
Bathroom
1
Parking
1
Land
1012m²
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